Arqit Quantum Inc. (NASDAQ:ARQQ - Get Free Report) rose 2.9% during trading on Friday . The stock traded as high as $32.63 and last traded at $29.11. Approximately 1,422,951 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 1,292,461 shares. The stock had previously closed at $28.28.
Analysts Set New Price Targets
Separately, HC Wainwright increased their price objective on Arqit Quantum from $27.00 to $52.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st.
Get Our Latest Report on ARQQ
Arqit Quantum Trading Down 5.3 %
The firm's fifty day moving average price is $24.09 and its 200-day moving average price is $13.12.
Hedge Funds Weigh In On Arqit Quantum
A hedge fund recently bought a new stake in Arqit Quantum stock. Veracity Capital LLC acquired a new position in shares of Arqit Quantum Inc. (NASDAQ:ARQQ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,804 shares of the company's stock, valued at approximately $420,000. Veracity Capital LLC owned approximately 0.09% of Arqit Quantum at the end of the most recent quarter. Institutional investors own 16.60% of the company's stock.
About Arqit Quantum
(
Get Free Report)
Arqit Quantum Inc provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud, a Platform as a Service that creates unbreakable software encryption keys. The company also provides maintenance and support, and professional services. Arqit Quantum Inc is based in London, the United Kingdom.
Recommended Stories
Before you consider Arqit Quantum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arqit Quantum wasn't on the list.
While Arqit Quantum currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
